Had my first morning at the stockbrokers today. My first impressions- what a quiet and cute little place. I had perceived lots of action, people buying and selling inflamed with the usual enthusiasm of Tanzanian salesmen; instead, it was actually the exchanges' day off. Trading days are Tuesday to Thursdays- I have to remind myself that this is a stock exchange of a poor developing country, not or anywhere near the NYSE or FTSE! The brokers are in the same building as the exchange so it’s just one flight of stairs up and you are there. The brokers were actually fairly busy with the unit trust sale, however, I was able to spend time just touring the place and talking to the managing director of the brokerage firm. There was certainly plenty of reading material to go through and discuss with the brokers. I’m now starting to get familiar with the history of the capital markets, the various structural reforms of the financial markets going etc... and the particular challenges that lie ahead. Rather than divulge what I’ve learnt today, I’ll wait a few weeks so I can summarise in more depth. Importantly, I’m confident that my experience will provide me with, at least, the financial accounting and economics preparation that the Stanford MBA require- I should get to beef up my excel skills too, although I do need to take that “MBA excel skills assessor” pretty soon.
I’m returning on Wednesday for a new bond issue and listing on the market, which should be livelier than things were today.
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